Nepal Stock Exchange (NEPSE) is looking forward to testing an automated online-trading system from mid-August and replacing the existing semi-automated system used for trading of stocks by mid-November. The new system will help investors place trading orders from their homes without having to visit their brokerage offices.
YCO Pvt Ltd, an IT firm, developed a fully-automated online-trading system which allows investors to put their orders to buy or sell shares online, including payment, clearing and settlement and everything will be carried out electronically, according to the NEPSE officials.
NEPSE Spokesperson Murahari Parajuli said that the system will be tested in mid-August and it would be readied for the implementation by mid-November after incorporating necessary suggestions received from NEPSE officials during the test phase.
This new online trading system will also have new components of a member portal system, surveillance system, and collateral system, among others.